Government's economic stimulus initiatives

Government's economic stimulus initiatives

27 October 2009

© Commonwealth of Australia 2009
ISBN 978-1-74229-175-8

View the report as a single document - (PDF 919KB)

View the report as separate downloadable parts:

Membership of Committee (PDF 42KB)
Chapter 1 - Introduction (PDF 9KB)

The referral
Conduct of the inquiry
Structure of the report

Chapter 2 - Spending initiatives (PDF 318KB)

Australian stimulus measures since the global financial crisis

Chapter 3 - Policy responses (PDF 77KB)

Fiscal policy and monetary policy
Keynesian policies
The hallmarks of a well-designed fiscal stimulus
Interaction between fiscal and monetary policy
Alternative stimulus approaches
Preparation for future recessions

Chapter 4 - Impact of the stimulus packages (PDF 150KB)

Australia outperforms
Australia was in a singularly strong position before the crisis
The impact of the fiscal stimulus in Australia
The effects on business and consumer confidence
Effects of higher national debt and implications for future taxation and long bond yields
Assessing the stimulus package with models

Chapter 5 - Should the package be scaled back? (PDF 53KB)

The change in the economic outlook since October 2008
Inflation and unemployment – the balance of risks

Chapter 6 - Conclusion and Recommendations (PDF 16KB)
Government Senators’ Minority Report (PDF 126KB)

Background to the economic stimulus initiatives
Efficacy of the spending measures
Costs and benefits of continuing the spending measures
Consequent changes in the stimulus "roll out" given the changed economic circumstances
Impact of spending measures on interest rates and taxpayer liabilities
Environmental impact of spending measures
Conclusion and recommendation

Additional Comments Senator Bob Brown, Australian Greens (PDF 41KB)
Additional Comments by Senator Xenophon (PDF 59KB)

Distribution of the economic stimulus
Effects of the economic stimulus
Looking ahead

Appendix 1 (PDF 20KB)
Submissions Received
Additional Information Received
Appendix 2 - Public Hearing and Witnesses (PDF 10KB)
Appendix 3 - Composition of stimulus measures (PDF 66KB)

Composition of the Economic Security Strategy
Composition of the COAG Funding Package
Composition of the December Nation Building Package
Composition of the Nation Building and Jobs Plan
Nation Building Infrastructure measures in the 2009–10 budget

For further information, contact:

Committee Secretary
Senate Standing Committees on Economics
PO Box 6100
Parliament House
Canberra ACT 2600

Phone: +61 2 6277 3540
Fax: +61 2 6277 5719